20. Inform
and Vikesh- 75,000 and 25,000 respectively; Bank Loan-8,00,000; Goodwill 1,00,000; Trade
Investments
-25,000; Profit and Loss Account (Debit)-15,000.
Total of Assets side of the Balance Sheet-25,00,000. Debit Balances in Current Accounts of Naresh
Based on the above information, Capital Employed for the purposes of valuation of Goodwill will be
(a)
16,85,000.
(c) 17,85,000.
[Ans.: 1. (d): 2. (d): 3 (a).
(b) 15,85,000.
(d) 14,85,000.
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